Manmohan Singh welcomes Brazilian, South African presidents for IBSA summit

October 15th, 2008 - 4:18 pm ICT by ANI  

New Delhi, Oct 15 (ANI): Prime Minister Dr. Manmohan Singh today welcomed the South African President Kgalema Motlanthe and Brazilian President Luiz Inacio Lula da Silva, who are in New Delhi to take part in the ongoing third India, Brazil and South Africa (IBSA) Summit.
We are honoured that President Motlanthes first visit overseas after assuming office is to India for the IBSA Summit. I would like to take this opportunity to place on record, on behalf of all of us, our deep appreciation for the contribution made by President Thabo Mbeki in supporting and taking IBSA forward, Dr. Singh said.
The IBSA Summit, which brings together economic powerhouses from Asia, Africa and Latin America, will focus on firming up trilateral cooperation on a slew of pressing global issues like terrorism, multilateral trade negotiations, inclusive development, food and energy security.
With India and the US sealing their 123 civilian nuclear pact after the Nuclear Suppliers Group (NSG) granting a waiver to India, civil nuclear cooperation will also be high on the agenda during the day-long summit.
India is expected to take the issue of uranium sale with South Africa when the leaders of the two countries hold bilateral talks after the summit.
South Africa and Brazil had supported India’’s quest for civilian nuclear energy at the second IBSA summit in Johannesburg.
India, Brazil and South Africa collectively fight for the rights of developing countries at the Doha round of negotiations and have advocated reforms in the UN Security Council and other global financial institutions to bring them in tune with the changing times.
The countries set a target of 15 billion dollars by 2010 for intra-regional trade at their last summit in Johannesburg. The first summit was held in Brasilia. (ANI)

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